CEO Richard Dickson said the specialty retailer has evolved "from fixing the fundamentals to continuous improvement through innovation."
Ending the year with a holiday performance that beat expectations, Gap Inc. gained market share for the eighth straight quarter.
Gap’s holiday-quarter profit is head and shoulders above Wall Street expectations and retailer speaks of a “reinvigoration” of its brands.
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TipRanks on MSNGap Inc. (GAP) Surprises with Expectation-beating Q4 EarningsGap Inc. ($GAP) has recently outperformed predictions for its fiscal fourth-quarter results, with earnings per share at $0.54, substantially
3don MSN
Gap has been in the midst of a turnaround under CEO Richard Dickson and has blown away Wall Street expectations for four quarters in a row.
Gap CEO Richard Dickson described the apparel company's most recent quarter, which impressed Wall Street and indicates the company is maintaining its turnaround. Shares shot up more than 17% in extended trading. Along with its namesake brand, Gap owns Old Navy, Banana Republic and Athleta.
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Creative leadership looks good on Gap. It looks even better with a tight belt on. The clothing company, which also owns Old Navy and Banana Republic, posted some impressive results. Its namesake brand’s comparable sales rose 7% last quarter from a year earlier,
After years of being down in the dumps, Gap Inc. for the past four quarters has been on firmer footing and working to inject greater relevancy and better product into its brands.
The Gap, Inc. (NYSE:GAP – Get Free Report) shares gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $19.48, but opened at $22.
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